9,615 Shares in BellRing Brands, Inc. (NYSE:BRBR) Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in BellRing Brands, Inc. (NYSE:BRBR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,615 shares of the company’s stock, valued at approximately $584,000.

Several other institutional investors have also added to or reduced their stakes in BRBR. GAMMA Investing LLC lifted its stake in shares of BellRing Brands by 165.3% during the second quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after buying an additional 615 shares during the period. First Hawaiian Bank increased its holdings in shares of BellRing Brands by 129.9% in the second quarter. First Hawaiian Bank now owns 14,613 shares of the company’s stock valued at $835,000 after purchasing an additional 8,256 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of BellRing Brands in the second quarter valued at about $28,000. M&G Plc raised its position in BellRing Brands by 12.4% during the 2nd quarter. M&G Plc now owns 157,181 shares of the company’s stock worth $8,959,000 after buying an additional 17,383 shares during the last quarter. Finally, Andina Capital Management LLC lifted its stake in BellRing Brands by 14.2% during the 2nd quarter. Andina Capital Management LLC now owns 6,936 shares of the company’s stock valued at $396,000 after acquiring an additional 862 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $78.46 on Friday. The stock has a market capitalization of $10.10 billion, a P/E ratio of 41.96, a PEG ratio of 2.59 and a beta of 0.84. The business has a 50 day simple moving average of $67.46 and a two-hundred day simple moving average of $59.98. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $79.90.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. As a group, research analysts anticipate that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on BRBR. Mizuho raised their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stephens boosted their price objective on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Truist Financial raised their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.60.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.